Northwell Health Leads $8M Series A Funding Round for Conversa
Investor syndicate including Epic Ventures & Healthgrades accelerates Conversa’s growth position in patient engagement marketplace
A recent industry report by Frost & Sullivan stated that Patient Engagement is one of the most important drivers of the transformation of healthcare. The report states that there will be a significant shift from manual to automated patient engagement enabling care management programs to be dynamic, evidence-based, and personalized, creating new value opportunities in healthcare. The Conversa Conversation Platform™ directly advances this transition improving how patients and care teams communicate around key health experiences like chronic condition management, post discharge, pre- and post-surgery, patient education, medication adherence, scheduling appointments, and lifestyle health coaching.
Conversa is being adopted by leading health systems including Northwell, Ochsner Health System, Citrus Valley Health Partners, and Centura Health’s Penrose St. Francis to enhance how care teams communicate with patient populations by delivering smart, automated and patient profile-driven conversation experiences. Sourcing from more than 400 biometric devices combined with clinical, claims and patient-generated data, providers receive data in real-time allowing for more informed allocation of resources and ongoing adjustments to care and treatment plans as needed. Actionable data is populated into a patient’s existing electronic health record and/or care management system, allowing care teams to quickly address immediate care needs and monitor individuals’ health over time.
“Having these thought leaders around our table is unique, as each one of them live and breathe the changing dynamics of healthcare every day,” said West Shell III, Conversa’s CEO and co-founder. “Their commitment to Conversa as investors and operating partners reinforce the proven value of our strategy for driving personalized, clinically-intelligent conversations throughout the industry. We are excited that they embrace the importance of innovative patient engagement, and share our passion for transforming the relationship between care teams and patients.”
About Northwell Health Northwell Health is New York State’s largest health care provider and private employer, with 22 hospitals and over 550 outpatient facilities. It cares for more than two million people annually in the metro New York area and beyond, thanks to philanthropic support from our communities. Its 61,000 employees – 15,000+ nurses and nearly 3,400 physicians, including nearly 2,700 members of Northwell Health Physician Partners – are working to change health care for the better.
About Northwell Ventures Northwell Ventures (NV), the corporate venture arm of Northwell Health, launched a fund to invest in and actively manage companies that represent a current or future strategic interest. The NV fund seeks to identify and invest in novel technologies and business models that have the prospect to advance Northwell’s growth and generate attractive returns. The group, as a whole, works to accelerate Northwell’s broader strategic healthcare focus by utilizing Northwell as a laboratory to rapidly validate technologies, new business models, and conduct research to build profitable companies and increase the quality of care for our patients.
About EPIC Ventures EPIC Ventures is an early-stage venture capital firm located in Salt Lake City, Utah. Founded in 1994, EPIC Ventures’ mission is to find and support great entrepreneurs regardless of location. The firm focuses primarily on Series A investments across the IT stack, from SaaS to networking technologies.
About Healthgrades Healthgrades is the leading online resource for comprehensive information about physicians and hospitals. Today, more than one million people a day use the Healthgrades website to search, compare and connect with hospitals and physicians based on the most important measures when selecting a healthcare provider: experience, hospital quality and patient satisfaction.